{"id":43674,"date":"2024-12-03T05:15:42","date_gmt":"2024-12-03T10:15:42","guid":{"rendered":"https:\/\/latamobility.com\/?p=43674"},"modified":"2024-12-03T07:39:12","modified_gmt":"2024-12-03T12:39:12","slug":"china-consolidates-as-world-leader-in-electric-vehicle-production","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/","title":{"rendered":"China Consolidates as World Leader in Electric Vehicle Production"},"content":{"rendered":"\n

A report entitled \u201cThe Rise of the Electric Car in China and its Impact on the European Union\u201d<\/a><\/strong> by professionals from the Bank of Italy<\/strong>, the Bank of Spain<\/strong>, and the German Federal Bank<\/strong> highlights that China<\/strong> continues to consolidate its position as the world’s leading manufacturer and exporter of battery electric vehicles (BEVs)<\/strong>.<\/p>\n\n\n\n

Behind the success of Chinese exports is the early adoption of BEVs<\/strong>, the comprehensive control of the supply chain<\/strong>, and the implementation of government support policies<\/strong> at different stages of production.<\/p>\n\n\n\n

With more than 1.5 million units<\/strong>, China<\/strong> exported six times more battery electric vehicles<\/strong> in 2023 than in 2019. Globally, the country accounted for 29% of BEV exports<\/strong> at the end of last year, compared to South Korea (21%)<\/strong> and Germany (15%)<\/strong>.<\/p>\n\n\n\n

You may also read:<\/strong> Negotiations Advance Between China and EU on Electric Vehicles<\/a><\/p>\n\n\n\n

In this regard, \u201cthe European Union is the main export destination for BEVs manufactured in China and accounts for approximately 40 % of total BEV export revenues from that country\u201d, they note.<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Presence in the Old Continent<\/strong><\/h2>\n\n\n\n

Battery electric vehicles<\/strong> manufactured in China<\/strong> have established \u201ca strong presence\u201d<\/strong> in Spain<\/strong>, France<\/strong>, and Germany<\/strong>. In fact, more than half of Spanish imports of BEVs<\/strong> come from China<\/strong>.<\/p>\n\n\n\n

For its part, the European Union’s BEV market<\/strong> has shown \u201cstrong dynamism\u201d<\/strong> in recent years. In 2023<\/strong>, BEVs<\/strong> accounted for more than 15% of total vehicle sales in the EU<\/strong> (5%, 4%, 17%, and 18% in Spain, Italy, France, and Germany<\/strong>, respectively), compared to just 1.9% in 2019<\/strong>.<\/p>\n\n\n\n

\u201cMost of the BEV sales in the EU correspond to vehicles produced in the region. However, according to industry reports, the weight in total EU BEV registrations of those manufactured in China has increased from 0.4 % in 2019 to 19.5 % in 2023\u201d, they note.<\/strong><\/p>\n\n\n\n

Of these BEV sales<\/strong>, some are electric vehicles sold in Europe<\/strong> by Chinese-owned brands<\/strong>, while others have joint Chinese and European participation<\/strong> or are US brands supplying European markets from China<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A report entitled \u201cThe Rise of the Electric Car in China and its Impact on the European Union\u201d by professionals from the Bank of Italy, the Bank of Spain, and the German Federal Bank highlights that China continues to consolidate its position as the world’s leading manufacturer and exporter of battery electric vehicles (BEVs). Behind…<\/p>\n","protected":false},"author":8,"featured_media":43667,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[2054],"tags":[2572,1564,1281,1489],"class_list":["post-43674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-china-2","tag-electric-cars","tag-electric-mobility","tag-sustainability"],"yoast_head":"\nChina Consolidates as World Leader in Electric Vehicle Production - Latam Mobility<\/title>\n<meta name=\"description\" content=\"A report entitled \u201cThe Rise of the Electric Car in China and its Impact on the European Union\u201d by professionals from the Bank of Italy, the Bank of Spain,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Consolidates as World Leader in Electric Vehicle Production\" \/>\n<meta property=\"og:description\" content=\"A report entitled \u201cThe Rise of the Electric Car in China and its Impact on the European Union\u201d by professionals from the Bank of Italy, the Bank of Spain,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/\" \/>\n<meta property=\"og:site_name\" content=\"Latam Mobility\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/latamobility\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T10:15:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-03T12:39:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/China-UE-1-1024x572-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"572\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jhonattan Gonz\u00e1lez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LataMobility\" \/>\n<meta name=\"twitter:site\" content=\"@LataMobility\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jhonattan Gonz\u00e1lez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/\"},\"author\":{\"name\":\"Jhonattan Gonz\u00e1lez\",\"@id\":\"https:\/\/latamobility.com\/#\/schema\/person\/2ccc571bb8da11d2ab9874e2c275fed9\"},\"headline\":\"China Consolidates as World Leader in Electric Vehicle Production\",\"datePublished\":\"2024-12-03T10:15:42+00:00\",\"dateModified\":\"2024-12-03T12:39:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/\"},\"wordCount\":318,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/latamobility.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/12\/China-UE-1-1024x572-1.jpg\",\"keywords\":[\"China\",\"electric cars\",\"ELECTRIC MOBILITY\",\"Sustainability\"],\"articleSection\":[\"Electric Mobility\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/\",\"url\":\"https:\/\/latamobility.com\/en\/china-consolidates-as-world-leader-in-electric-vehicle-production\/\",\"name\":\"China Consolidates as World Leader in Electric Vehicle Production - 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